Jumpstart - Bloomberg Tax

Our guest speaker, Stacy Eastland, Managing Director of Goldman Sachs & Company, discusses wealth planning opportunities and considerations with corporations, preferred partnerships, and limited liability companies. We touch on family office planning strategies that allow for the deduction of investment management fees in the wake of the repeal of §212, including lessons learned from Lender Management and Hellman. We also get into wealth planning techniques using preferred freezes, BDOTs (beneficiary deemed owner trusts), and choice of entity considerations.

Our guest speaker, Stacy Eastland, Managing Director of Goldman Sachs & Company, discusses wealth planning opportunities and considerations with corporations, preferred partnerships, and limited liability companies. We touch on family office planning strategies that allow for the deduction of investment management fees in the wake of the repeal of §212, including lessons learned from Lender Management and Hellman. We also get into wealth planning techniques using preferred freezes, BDOTs (beneficiary deemed owner trusts), and choice of entity considerations.

In these pilot episodes of Conversations on Wealth, we discuss a variety of hot topics critical to wealth planning professionals with Steve Akers, Managing Directors and Senior Fiduciary Counsel at Bessemer Trust. We start with the Supreme Court’s ruling in Kaestner and the repercussions of such opinion. We then discuss the proposed regulations addressing clawback of the applicable exclusion amount, select IRS audit issues, the IRS’s recent assault on various wealth planning transactions using §2036(a)(2), and a variety of other tax developments.

In these pilot episodes of Conversations on Wealth, we discuss a variety of hot topics critical to wealth planning professionals with Steve Akers, Managing Directors and Senior Fiduciary Counsel at Bessemer Trust. We start with the Supreme Court’s ruling in Kaestner and the repercussions of such opinion. We then discuss the proposed regulations addressing clawback of the applicable exclusion amount, select IRS audit issues, the IRS’s recent assault on various wealth planning transactions using §2036(a)(2), and a variety of other tax developments.

IRS guidance in 2018 left considerable uncertainty as to how qualified opportunity funds could be designed to deploy capital in such a way to qualify their investors for their desired tax benefits, particularly where the funds were to invest in operating businesses rather than specific real estate projects. In the latest Practitioner Insight, three tax attorneys, Bradley Borden, Alan Lederman, and Jessica Millett, talk with Andrea L. Ben-Yosef about favorable and unfavorable aspects of the 2019 proposed regulation package and some remaining uncertainties.

Artificial intelligence (AI) has made its way into the accounting profession. App Zen CEO, Anant Kale joins Bloomberg Financial Accounting to speak about transformative accounting solutions for modern finance teams. Listeners will better understand the technology available, and how they can help companies discover misuse, fraud, and mistakes. Learn how AI can manage compliance through the elimination of manual sampling techniques and through the audit of 100% of expenses in real time. See how AI is helping accountants repurpose their skills, transitioning the low-risk, and high-volume transactions to automation and concentrating human auditor focus on the complex, high-risk areas of tomorrow’s corporate dealings. From gentlemen’s clubs and mistresses to entertainment and coffee, tune in and hear about some of the wild instances AI discovered!

Artificial intelligence (AI) has made its way into the accounting profession. App Zen CEO, Anant Kale joins Bloomberg Financial Accounting to speak about transformative accounting solutions for modern finance teams. Listeners will better understand the technology available, and how they can help companies discover misuse, fraud, and mistakes. Learn how AI can manage compliance through the elimination of manual sampling techniques and through the audit of 100% of expenses in real time. See how AI is helping accountants repurpose their skills, transitioning the low-risk, and high-volume transactions to automation and concentrating human auditor focus on the complex, high-risk areas of tomorrow’s corporate dealings. From gentlemen’s clubs and mistresses to entertainment and coffee, tune in and hear about some of the wild instances AI discovered!

Artificial Intelligence (AI) has made its way into the accounting profession. App Zen CEO, Anant Kale joins Bloomberg Financial Accounting to speak about transformative accounting solutions for modern finance teams. Listeners will better understand the technology available, and how they can help companies discover misuse, fraud, and mistakes. Learn how AI can manage compliance through the elimination of manual sampling techniques and through the audit of 100% of expenses in real time. See how AI is helping accountants repurpose their skills, transitioning the low-risk, and high-volume transactions to automation and concentrating human auditor focus on the complex, high-risk areas of tomorrow’s corporate dealings. From gentlemen’s clubs and mistresses to entertainment and coffee, tune in and hear about some of the wild instances AI discovered!

Bloomberg Tax’s Patricia McNeal and Kathleen Adcock discuss the effect of the proposed regulations governing the estate tax calculation and the clawback tax. For more details of the calculation, please download this handout : http://src.bna.com/GLc Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

With dozens of companies reporting on sustainable accounting standards, and hundreds more focusing on a unique environmental, social and governance (ESG) financial reporting framework, market participants are preparing for ESG issues to be further engrained in financial reporting. Stay ahead of curve, listen to Sustainable Accounting Standards Board (SASB) Chairman, Jeffrey Hales describe how the SASB framework strengthens the economy and helps investors. We highlight business cases and provide background on how they would be viewed, and reported under a sustainable accounting framework utilizing the SASB’s materiality map. Hear Hales discuss how the materiality map is used, and how companies can approach the use of sustainable accounting standards within their organization.

With dozens of companies reporting on sustainable accounting standards, and hundreds more focusing on a unique environmental, social and governance (ESG) financial reporting framework, market participants are preparing for ESG issues to be further engrained in financial reporting. Get ahead of the curve, listen to Sustainable Accounting Standards Board (SASB) Chairman, Jeffrey Hales provide background information on what the SASB is, and hear the direction the organization is heading. Learn about the SASB, and get insights into their mission, operations, and goals. Hear about the challenges they face, and the communications they have with various financial reporting standard setters, and how engraining ESG issues into a financial reporting framework can benefit investors and economies worldwide.

Richard Franklin and George Karibjanian of Franklin Karibjanian & Law PLLC join Practitioners’ Insight host Andrea L. Ben-Yosef in a podcast about the new estate tax exclusion. They describe the terms sunset, rollback, and clawback, and discuss the strategies that practitioners should use, especially in situations where one spouse holds most of the wealth, or where there is a second marriage and the wealthy spouse wants to use the exclusions of the less wealthy spouse. For more information, please see their article “The Lifetime QTIP Trust – the Perfect (Best) Approach to Using Your Spouse's New Applicable Exclusion Amount and GST Exemption” (Bloomberg Tax Estates, Gifts and Trusts Journal (March 14, 2019) at http://src.bna.com/GnO.

Family limited partnerships and family LLCs are tried-and-true estate planning strategies, and still have relevance after the 2017 tax act. Portfolio author and Leonard L. Silverstein Award for Distinguished Service in Tax recipient Louis Mezzullo discusses some of the requirements and pitfalls in using FLPs in today’s estate planning.

Bloomberg Tax’s Joe Hagedorn and Ashley Fausset discuss the recent guidance issued on §199A. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax’s Ben Jung and Mary Gillmarten discuss the new proposed regulations on foreign tax credit. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax’s Mary Gillmarten and Davis Kreiser discuss 965 and the final regulations issued by the IRS on January 15, 2019. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Alan Gassman joins Andrea L. Ben-Yosef in a podcast about the new tax code §199A and trust planning. Alan is a tax and estate planning lawyer and founding partner of the Florida law firm Gassman, Crotty & Denicolo. Alan is a frequent contributor to Bloomberg Tax and other publishers, and lectures on Section 199A and many other topics. Among his books are Florida & Federal Asset Protection Law, available on Bloomberg Tax. Estate planners, trustees, and other advisors involved with trust planning must have a firm grasp of §199A as it applies to both existing and possible future trust related arrangements. This podcast will cover how this new tax law impacts present structures and what can be done to help families avoid taxes while also fulfilling other objectives.

Bloomberg Tax’s Joe Hagedorn and Meg Hogan discuss base erosion payments. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax’s Joe Hagedorn and Meg Hogan discuss the BEAT proposed regulation and its expansion upon the statute. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax author Joe Sebik discusses the new lease accounting standard, ASC 842. This is part four of the series covering how companies are preparing for ASC 842. Jumpstart is a new podcast series from Bloomberg Financial Accounting that discusses issues and developments affecting financial accounting and reporting.

Bloomberg Tax author Joe Sebik discusses the new lease accounting standard, ASC 842. This is part three of the series covering how companies are preparing for ASC 842. Jumpstart is a new podcast series from Bloomberg Financial Accounting that discusses issues and developments affecting financial accounting and reporting.

Bloomberg Tax’s Davis Kreiser and Jayanti Singh discuss the new proposed regulations under 267A. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Lisa Pfenninger, Ashley Fausset, and Alexa Woods cover international concerns and discuss how the §163(j) limitation applies to Controlled Foreign Corporations (CFCs), United States shareholders, and to foreign persons with Effectively Connected Income (ECI). This is the fourth in a multi-part series of podcasts covering the proposed regulations. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Lisa Pfenninger, Ashley Fausset, and Alexa Woods focus on the application of §163(j) to Partnerships and S Corporations. This is the third in a multi-part series of podcasts covering the proposed regulations. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax’s Seyi Tuyo and Kari DiCecco discuss recently issued IRS guidance made by the 2017 tax act to deferred compensation. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Lisa Pfenninger, Ashley Fausset, and Alexa Woods discuss the application of §163(j) to C corporations generally and special rules concerning RICs, REITs, and consolidated groups. This is the second in a multi-part series of podcasts covering the proposed regulations. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Lisa Pfenninger, Ashley Fausset, and Alexa Woods give an overview of what is (and what isn’t) in the proposed regulations under §163(j) – the business interest deduction limit. This is the first in a multi-part series of podcasts covering the proposed regulations. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax author Joe Sebik discusses the new lease accounting standard, ASC 842. This is a two-part series covering how companies are preparing for ASC 842. Jumpstart is a new podcast series from Bloomberg Financial Accounting that discusses issues and developments affecting financial accounting and reporting.

Bloomberg Tax author Joe Sebik discusses the new lease accounting standard, ASC 842. This is a two-part series covering how companies are preparing for ASC 842. Jumpstart is a new podcast series from Bloomberg Financial Accounting that discusses issues and developments affecting financial accounting and reporting.

Bloomberg Tax's Mary Gillmarten and Davis Kreiser continue their discussion on Section 965. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Pete Burt and Al Kish discuss Qualified Opportunity Zones under the 2017 tax act. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Davis Kreiser and Jayanti Singh discuss 245A as introduced by the 2017 tax act. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

In Part 2 of the podcast, Bloomberg Tax's Sarah Salzenberg and Ashley Fausset dive into the Section 199A rules and technical guidance. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Sarah Salzenberg and Ashley Fausset follow up on May's podcast on Section 199A. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Meg Hogan and John Bentil discuss the new IRC Section 250 deduction for foreign-derived intangible income. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Ken Savell and Dixie Pond discuss significant changes the 2017 tax act made to individual taxation. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

Bloomberg Tax's Dixie Pond and Amber Gorski discuss significant changes that the 2017 tax act made to the deductibility of meal and entertainment expenses, as well as how some of those changes impact travel expenses.

Bloomberg Tax's John Bentil and Meg Hogan discuss an overview of the base erosion and anti-abuse tax (BEAT).

Bloomberg Tax's Tammara Madison and Jocelyn Tilan discuss how Section 1031 exchanges were modified under the 2017 tax reform act.

Bloomberg Tax's Ashley Fausset and Joe Hagedorn discuss the limitation on the deduction of business interest under §163(j) made by the 2017 tax act.

Bloomberg Tax's Meg Hogan and John Bentil discuss the new GILTI tax regime as set forth in IRC Sections 951(a) and 250.

Bloomberg Tax’s Priya Royal and Kate Adcock discuss changes to charitable contributions under the 2017 tax act.

Bloomberg Tax’s Sarah Salzenberg and Jane Baniewicz discuss tax accounting changes made by the 2017 tax act.

Bloomberg Tax’s Shaun Terrill and Sharon Fountain discuss significant tax changes to deferred compensation made by the 2017 tax act.

Bloomberg Tax's Mary Gillmarten and Davis Kreiser discuss Section 965 as rewritten for the 2017 federal tax act.

Bloomberg Tax’s Joe Ecuyer and Kate Adcock discuss the new rules for nonprofit organizations calculating UBTI and UBIT.

Bloomberg Tax’s Dixie Pond and Amber Gorski discuss the changes the 2017 tax act made to depreciation.

Bloomberg Tax’s Ron Newlin and Ashely Fausset discuss the new Section 199A pass-through deduction.